ADVA OPTICAL NETWORKING REPORTS 51% GROWTH IN 2001 REVENUES TO EUR 90 MILLION

FOURTH QUARTER AND FULL-YEAR 2001 FINANCIAL RESULTS
Revenues in the fourth quarter 2001 reached EUR 24.2 million, an increase of 98.6% over revenues in the fourth quarter 2000 of EUR 12.2 million, and a sequential increase of 4.4% over revenues in the third quarter 2001 of EUR 23.2 million. Pro forma operating loss improved from EUR 11.4 million in the fourth quarter 2000 to EUR 0.2 million in the fourth quarter 2001. Pro forma net loss from continuing operations improved from EUR 10.3 million in the fourth quarter 2000 to a pro forma net income of EUR 2.0 million in the fourth quarter 2001.

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